EBF MORNING BRIEF Thursday 3 October 2024 Good morning. Here are the top news stories and events in European banking, financial regulation and EU policy, brought to you by the European Banking Federation.
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FROM THE MEDIA
Bloomberg: ECB momentum for an October rate cut is looking unstoppable
An interest-rate cut that European Central Bank (ECB) officials deemed unlikely just three weeks ago now seems a near certainty when they next set borrowing costs on October 17, Bloomberg reports. Read more
Reuters: ECB's de Guindos sticks with hope for growth rebound
Eurozone growth could be weaker in the near term than the European Central Bank (ECB) now expects but the recovery should still pick up pace later on, ECB Vice President Luis de Guindos told Reuters. Read more
Risk.net: Rate risk modellers relieved as EU deposits stay sticky
According to Risk.net, European risk modellers may be able to soften their assumptions about the behaviour of retail deposits, as the rise in interest rates since 2022 appears to have affected depositors less than originally feared. Read more |
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MAIN EVENTS
Thursday 3 October
Friday 4 October |
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FROM EBF MEMBERS Finance Iceland: The difference between deposit and loan interest rates is one of the lowest in Europe The interest rate difference between households and corporate banks, i.e. difference between deposit and loan interest rates, has fallen significantly between the years 2021 and 2023 in Iceland and was one of the smallest in Europe last year. Read more (IS)
Finance Latvia: The importance of saving Luminor Bank's financial expert Yekaterina Ziniča points out the importance to create savings in order to feel safe and be able to cover unexpected expenses. Read more (LV)
Finance Denmark: The education system context The government is undertaking a large-scale review of the entire education system. Reforms that will have significance many years into the future. Read more (DK) |
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FROM THE INSTITUTIONS
ECB: How income expectations adjust to inflation
In periods of high inflation, keeping inflation expectations anchored to prevent a wage-price spiral is a concern of central banks. The post-pandemic surge in prices has thus rekindled academic interest in this issue, the European Central Bank (ECB) reports. Read more
BIS: Basel III progress
Basel Committee members have made progress on implementing the final elements of Basel III standards, the Bank for International Settlements (BIS) reports. Read more
EIOPA: First batch of consultations on technical standards after Solvency II Review
EIOPA (European Insurance and Occupational Pensions Authority) has launched a series of consultations on regulatory technical standards (RTS) and implementing technical standards (ITS) regarding changes that are expected to be introduced to the regulatory framework as part of the Solvency II review process. Read more |
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FROM THE EBF
New EBF Vacancies! Work with us!
Visit our Vacancies page to learn more about the opening positions at the EBF. Read more
Launch of a new C-ESG Risk Roundtable report: Managing Climate Physical Risk
EBF and S&P Global Market Intelligence: The Future of Instant Payments: Challenges and Strategies in Europe
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ABOUT THE EUROPEAN BANKING FEDERATION
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The federation is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere. Website: www.ebf.eu |
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This newsletter is published by the EBF Mediacentre.
For questions or suggestions contact r.hrelja@ebf.eu European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium
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